Tag Archives: 25B

White House seeks $2.5B for coronavirus, but Pelosi says that’s not enough

Image: Phil helsel

The White House is asking Congress for $2.5 billion to respond to the coronavirus illness known as COVID-19 that has killed more than 2,600 people in mainland China, but House Speaker Nancy Pelosi called the request inadequate. The administration’s supplemental funding plan was designed “to accelerate vaccine development, support preparedness …

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Advocating reform, activist investor Elliott Management takes a $2.5B stake in SoftBank

Japan's SoftBank

The activist investment firm Elliott Management has steadily amassed a $2.5 billion stake in the headline-grabbing, Japanese technology conglomerate SoftBank even as a series of missteps battered the company’s share price. Famous for its investments in companies like Slack and Uber and infamous for betting billions on the co-working real …

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